Bond Market Primer

Counter-steering

For years, our tag line “Common Sense Portfolio Management for Intelligent Investors” has served us well.  There are times, though, that “Common Sense” can steer us in the wrong direction.  Take driving.  When a teenager sits behind the wheel of a car for their very first attempt at driving they know, from years of watching Mom and Dad drive, that when they want the car to go to the right, they turn the steering wheel to the right.  Even someone who has never driven an automobile knows this.  It is common sense.

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